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Quarterly Data (Unaudited)
12 Months Ended
Dec. 31, 2015
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Data (Unaudited)

18.

Quarterly Data (Unaudited)

Earnings per share amounts are computed independently each quarter. Accordingly, the sum of each quarter’s per share amount may not equal the total per share amount for the respective year.

 

 

 

Quarter

 

 

(Table only in thousands)

 

First

 

 

Second

 

 

Third

 

 

Fourth

 

 

Year ended December 31, 2015

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net sales

 

$

80,985

 

 

$

86,961

 

 

$

98,230

 

 

$

101,246

 

(1)

Gross profit

 

 

20,975

 

 

 

26,628

 

 

 

30,795

 

 

 

30,773

 

(1)

Net income (loss)

 

 

198

 

 

 

2,104

 

 

 

(4,825

)

 

 

(3,211

)

 

Net income (loss) attributable to CECO Environmental Corp.

 

 

198

 

 

 

2,104

 

 

 

(4,825

)

 

 

(3,079

)

 

Basic earnings per share

 

$

0.01

 

 

$

0.08

 

 

$

(0.17

)

 

$

(0.09

)

 

Diluted earnings per share

 

$

0.01

 

 

$

0.08

 

 

$

(0.17

)

 

$

(0.09

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year ended December 31, 2014

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net sales

 

$

57,170

 

 

$

66,641

 

 

$

63,300

 

 

$

76,106

 

 

Gross profit

 

 

19,729

 

 

 

21,449

 

 

 

21,058

 

 

 

22,587

 

 

Net income

 

 

3,021

 

 

 

4,493

 

 

 

3,703

 

 

 

1,860

 

 

Basic earnings per share

 

$

0.12

 

 

$

0.18

 

 

$

0.14

 

 

$

0.07

 

 

Diluted earnings per share

 

$

0.12

 

 

$

0.17

 

 

$

0.14

 

 

$

0.07

 

 

 

 

 

(1)

In making final closing adjustments for the year ended December 31, 2015, the Company became aware of additional information affecting the determination of year-to-date revenue recognition for certain business units, which resulted in the Company recording, for the three month period ended December 31, 2015, a decrease in net sales of $5.2 million, and a decrease in cost of goods sold of $5.0 million.